Focus Financial Network Inc. Cuts Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Focus Financial Network Inc. lowered its holdings in shares of iShares U.S. Infrastructure ETF (BATS:IFRA) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,492 shares of the company’s stock after selling 546 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares U.S. Infrastructure ETF were worth $1,134,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IFRA. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares U.S. Infrastructure ETF during the third quarter worth about $27,000. Continuum Advisory LLC boosted its holdings in iShares U.S. Infrastructure ETF by 41.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,221 shares of the company’s stock worth $60,000 after buying an additional 360 shares during the last quarter. Gilliland Jeter Wealth Management LLC increased its stake in iShares U.S. Infrastructure ETF by 38.1% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,483 shares of the company’s stock worth $70,000 after buying an additional 409 shares in the last quarter. Financial Advocates Investment Management acquired a new position in shares of iShares U.S. Infrastructure ETF during the third quarter valued at approximately $102,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of iShares U.S. Infrastructure ETF in the fourth quarter valued at approximately $105,000.

iShares U.S. Infrastructure ETF Price Performance

Shares of BATS:IFRA opened at $47.35 on Thursday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 16.71 and a beta of 0.89. The stock has a 50-day moving average price of $47.47 and a 200 day moving average price of $47.10.

iShares U.S. Infrastructure ETF Company Profile

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.